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Mixed-Use

618 Sixth Street

618 Sixth Street, New Westminster, BC V3L 3C4

Listing Price: $31,500,000

Lot Size
0.80 acres
Price/Acre
$39,428,177
Land Type
Land

Investment Overview

Rezoned High Density Mixed Use Development Site in Uptown New Westminster

Investment Highlights

  • High density development site, presenting 2 separate mixed-use development options: 29-storey market condo + rental tower with commercial podium, or 27-storey rental only tower with commercial podium
  • Fully enacted and rezoned to Comprehensive Development District (CD-80) which permits both development schemes contemplated above.
  • All rezoning and Voluntary Amenity Contribution fees have been paid by the Vendor, providing a significant cost savings to the prospective purchaser
  • Two existing income producing two-storey commercial buildings currently occupy the site with all current leases set to expire end of 2021. Current net monthly holding income is approximately $41,000.00

Exclusively Listed By

Listing Price: $31,500,000

Lot Size
0.80 acres
Price/Acre
$39,428,177
Land Type
Land

Investment Highlights

  • High density development site, presenting 2 separate mixed-use development options: 29-storey market condo + rental tower with commercial podium, or 27-storey rental only tower with commercial podium
  • Fully enacted and rezoned to Comprehensive Development District (CD-80) which permits both development schemes contemplated above.
  • All rezoning and Voluntary Amenity Contribution fees have been paid by the Vendor, providing a significant cost savings to the prospective purchaser
  • Two existing income producing two-storey commercial buildings currently occupy the site with all current leases set to expire end of 2021. Current net monthly holding income is approximately $41,000.00

Investment Overview

Rezoned High Density Mixed Use Development Site in Uptown New Westminster

Exclusively Listed By

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